MCS SERVICES LIMITED — Capital/Financing Update 2013

Oct 29, 2013

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30 October 2013

Gateway Proposal for Significant Chilean Copper-Gold Expansion Opportunity.

HIGHLIGHTS

• Red Gum is currently in negotiations to form a strategic alliance with Rio Perdido Copper Ltd (“RPC”)

• RPC has strong Chilean based, experienced management and operational teams and options with third parties to access significant exploration concessions and modularised copper processing plants in Chile.

• Potential benefits of an alliance include: access to a significant consolidated acreage position – focused on RGX’s existing Combarbala operational base, fast-tracking of revenue production, and access to a new investor base via RPC’s existing shareholders and their Chilean networks.

• Exact form of future alliance between RGX and RPC is being negotiated and dependent upon a due diligence process - expected to be completed in coming weeks.

Executive Chairman Dr Ray Shaw commented “ Both companies are focusing on Region IV where Red Gum has an established operational office at Combarbala.

Synergistically, the combined resources of both RGX and RPC have the potential to bring about a game changing transformation of RGX’s current business strategy, including possible access to short term revenue production and consolidation of very significant acreage positions in the highly prospective IOCG Belt within Region IV.

Potentially it may also allow RGX to fast-track revenue production by utilising smaller modularised processing plants.”

Details of the exact form of the strategic alliance will be dependent upon the outcome of current negotiations and due diligence process that is expected to be completed within the coming weeks.

ENDS

For Further information please contact:

Ray Shaw, Executive Chairman + 61 8 8223 1680

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ABOUT RIO PERDIDO COPPER LIMITED

Rio Perdido Copper Limited is an unlisted Australian incorporated public company headed by Mr Franco Belli. Mr Belli has more than 20 years’ experience in the mining industry in Chile, Peru and Ecuador including the Punataqui mine, located some 15 km north of Red Gum’s Majada Project.

In addition Mr Belli has experience as an analyst and broker having previously worked with Gresham Securities, Hartley Poynton and Bell Securities.

ABOUT IRON OXIDE COPPER-GOLD (IOCG) DEPOSITS

Iron oxide copper gold (IOCG) ore deposits are concentrations of copper and gold (+/-uranium) hosted within voluminous, iron oxide - dominated gangue assemblages (typically magnetite and/or haematite). IOCG deposits are considered to be metasomatic expressions of large crustal-scale alteration events driven by intrusive activity and their gangue mineral assemblages are characterised by distinctive sodic, potassic and calcic phases. Deposits of this style tend to occur in broad linear tectonic belts, such as the Cretaceous belts of Chile and Peru.